It was heralded as the most vital affordable housing deal in a generation, but now the city and state are reviewing their agreement with Blackstone Group after new rent regulations drove the landlord to dramatically pull back its investment into Stuyvesant-Town Peter Cooper Village, which it bought for a record $5.3 billion. In 2015, Blackstone, one of the world’s largest financial firms, received a $220 million financing package from the city in exchange for preserving […]
source https://therealdeal.com/2019/08/30/authorities-will-conduct-review-of-stuy-town-deal-in-light-of-blackstones-vacancy-strategy/
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